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Ropes & Gray partner Michelle Moran has been appointed an Officer of the International Bar Association’s Investment Funds Committee.
Moran, a partner in the London office’s investment management practice, joined Ropes & Gray in August 2013 from Dechert LLP. She focuses on advising European and US clients on the establishment, authorisation and management of all types of retail and institutional investment funds domiciled in the UK, Ireland, Luxembourg and Jersey including UCITS, ICVCs, investment trusts, hedge funds, real estate funds and segregated institutional portfolios.
Established in 1947, the International Bar Association is the world’s leading organisation of legal practitioners, bar
Transparency-oriented global ECN broker Tickmill has appointed Sudhanshu Agarwal as Global Chief Executive Officer effective 28 January, 2015.
After a decade of holding key positions at respected brokerage firms, such as GFT and AvaTrade in Australia, Sudhanshu Agarwal now joins the management team of Tickmill.
Sudhanshu has previously overseen all key aspects of the brokerage business with a strong focus on customer experience, regulatory compliance and high performance forex operations.
Sudhanshu started in the industry at GFT and most recently sat on the Board of Directors for regulated firms, such as USGFX and Responsible Manager for Direct FX. Previously
SuMi TRUST Global Asset Services has launched the BlueBay Global Investment Grade Credit Fund managed by BlueBay Asset Management for exclusive distribution in Japan by Sumitomo Mitsui Trust Bank Limited (SMTB).
The Fund has been structured as a Cayman Island open ended Unit Trust and will be distributed to the SMTB Trust Bank pension fund clients in Japan.
The Fund launched with USD69 million and offers both accumulation and distribution share classes denominated in Japanese Yen, both hedged and unhedged. BlueBay will be targeting returns that aim to meet the expectation of Japanese Pension Funds. SuMi TRUST global Asset Services will
Global Markets Exchange Group International (GMEX Group) has taken a strategic stake, through its GMEX Technologies Limited (GMEX TECH) subsidiary, in the UK based post-trade software firm Avenir Technology Limited (Avenir).
Avenir has developed a suite of innovative and cost effective systems for post-trade processing for exchanges, clearing houses, central securities depositories (CSDs) and share registrars across multiple assets classes including securities, derivatives and physical commodities.
Avenir’s first product is a share registry platform that is currently used by firms in the UK and New Zealand. Other products include AvenirSettle, a depository solution for handling physical settlement in securities as
Fundbase Fund Services has received FINMA approval to act as representative and distributor of foreign collective investment schemes for qualified investors in Switzerland.
At the same time, Fundbase has been fortunate to recruit Lilian Klose-La Scalea, who has a long track record as a hedge fund expert. As Managing Director of Fundbase Fund Services AG, she will now be responsible for expanding the company's representation and distribution business.
Fundbase Fund Services AG, which since September 2014 has provided free access to its hedge-fund platform Fundbase.com to qualified investors in Europe and the USA, was granted the license by the
Steben & Company, a provider of alternative investments, has promoted John Dolfin, CFA, to Chief Investment Officer of the firm.
"In the years that John has been with us, his skill, expertise and insights have made a great contribution to Steben & Company, in both our new and existing funds," says Ken Steben, President and CEO of Steben & Company. "John's leadership in the portfolio construction and hedge fund allocations for the Steben Select Multi-Strategy Fund has created an award winning Fund1 that has delivered strong performance so far and offers investors a way of diversifying their investments. We are
The IQ Hedge Multi-Strategy Tracker ETF (QAI), the first liquid alternative exchange-traded fund (ETF), has topped USD1 billion in assets.
QAI, which marked its five year anniversary in March, is the largest fund in its category and anchors IndexIQ’s growing family of liquid alternative solutions that includes ETFs, mutual funds, separate accounts and model portfolios.
“This is a significant milestone for QAI, and a testament to the increased recognition of the role liquid alternatives can play in an investor’s portfolio,” says Adam Patti, chief executive officer at IndexIQ. “QAI is now widely considered the ‘S&P 500 of the hedge fund
Elston Consulting has launched the Elston Strategic Beta indices – a range of multi-asset smart beta indices launched for institutional investors – in conjunction with index provider Solactive.
To date smart beta has typically focused on reconstituting single asset class indices using a factor-based approach or an alternative weighting scheme. Elston Strategic Beta is innovative as it offers outcome-oriented asset allocation strategies that are diversified across global asset classes, using a risk-based approach.
The investment process provides a quantitative, methodical, and objective approach to creating dynamic diversified growth strategies that isolate and capture shifting risk premia across asset classes.
Gottex Fund Management has reported good performance from its UCITS Multi-Asset Balanced Fund in 2014, up 6.0% for the year.
Both of the company’s Asian equity funds saw significant gains too, with the Gottex-Penjing Asian equity strategy up 7.7% in 2014 after returning 27.4% in 2013 and the Penjing Asia beta select product posting a return of 12.9% in 2014 after generating 14.7% the previous year.
Total fee-earning assets for the group were USD8.20 billion compared to USD8.70 billion at 30 September 2014.
In recent weeks Gottex has been preparing the launch of the Gottex Yellow Mountain UCITS Fund,
A new global survey commissioned by State Street, which polled the views of 235 hedge fund professionals, reveals strong optimism within the industry.
The findings show that respondents (55 percent) expect pension funds to increase their exposure to hedge fund strategies over the next five years. This figure increased to 63 per cent when the question was asked more broadly about institutional investors increasing their exposure to hedge funds in the next five years.
Of the 55 per cent of hedge fund professionals who expect pension funds to increase their allocation, 53 per cent believe the main driver of this
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